Yes the quarterly publication has focused on debt to GDP ratios.
https://www.cbo.gov
The U.S. faces a challenging fiscal outlook according to CBO's extended baseline projections, which show budget deficits and federal debt held by the public growing steadily in relation to gross domestic product over the next three decades.
At 3.9 percent of gross domestic product (GDP), the projected deficit in 2022 is much smaller than those recorded in 2020 and 2021, because federal spending in response to the coronavirus pandemic has waned and revenues have risen sharply. Nevertheless, in CBO’s projections, federal deficits over the 2022–2052 period average 7.3 percent of GDP (more than double the average over the past half-century) and generally grow each year, reaching 11.1 percent of GDP in 2052. That projected growth in total deficits is largely driven by increases in interest costs: Net interest outlays more than quadruple over the period, rising to 7.2 percent of GDP in 2052. Primary deficits—that is, deficits excluding net outlays for interest—grow from 2.3 percent of GDP in 2022 to 3.9 percent in 2052.
I((( Interest rates 5.5% simple savings ) too good to be true .... Oh no when I was a kid. From 1978 when I started a penny passbook saver account. Till Bush entered the office of the President
know we actually had a book that was stamped by the bank describing transactions in savings account)
This projection is optimistic in my opinion and some form of moderation to keep us from being forever borrowers where we have the most GDP of any nation but China.
To remove first post, remove entire topic.
Yes the quarterly publication has focused on debt to GDP ratios.
https://www.cbo.gov
The U.S. faces a challenging fiscal outlook according to CBO's extended baseline projections, which show budget deficits and federal debt held by the public growing steadily in relation to gross domestic product over the next three decades.
At 3.9 percent of gross domestic product (GDP), the projected deficit in 2022 is much smaller than those recorded in 2020 and 2021, because federal spending in response to the coronavirus pandemic has waned and revenues have risen sharply. Nevertheless, in CBO’s projections, federal deficits over the 2022–2052 period average 7.3 percent of GDP (more than double the average over the past half-century) and generally grow each year, reaching 11.1 percent of GDP in 2052. That projected growth in total deficits is largely driven by increases in interest costs: Net interest outlays more than quadruple over the period, rising to 7.2 percent of GDP in 2052. Primary deficits—that is, deficits excluding net outlays for interest—grow from 2.3 percent of GDP in 2022 to 3.9 percent in 2052.
I((( Interest rates 5.5% simple savings ) too good to be true .... Oh no when I was a kid. From 1978 when I started a penny passbook saver account. Till Bush entered the office of the President
know we actually had a book that was stamped by the bank describing transactions in savings account)
This projection is optimistic in my opinion and some form of moderation to keep us from being forever borrowers where we have the most GDP of any nation but China.
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